Sinignessigui 2 Group

The members of the Sinignessigui 2 group are married men with an average age of 44 and, on average, 5 children, who all live in polygamous families in Kolokoba, one of the villages in Sikasso, the 3rd administrative region of Mali. They are working with the Soro Yiriwaso microfinance institution in order to carry out their farming activities during the rainy season. This is their 6th loan from the institution. The previous loans have been properly repaid.

Abdoulaye, standing second from the left in the picture, grows maize. He plans to use his loan to buy the agricultural inputs and seeds needed for the cultivation of 2 hectares of farmland. After the harvest, the produce will be sold at the village market to a clientèle made up of men and women. He expects to make a profit of 280 000 francs per crop cycle. This profit will enable him to repay his loan and also to cover his family's daily living expenses.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.